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Bond P is a premium bond with a coupon rate of 9 . 3 percent. Bond D is a discount bond with a coupon rate

Bond P is a premium bond with a coupon rate of 9.3 percent. Bond D is a discount bond with a coupon rate of 5.3 percent. Both bonds
make annual payments, a YTM of 7.3 percent, a par value of $1,000, and have eight years to maturity.
a. What is the current yield for Bond P? For Bond D?
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
b. If interest rates remain unchanged, what is the expected capital gains yield over the next year for Bond P? For Bond D?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers
as a percent rounded to 2 decimal places, e.g.,32.16.
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